The timing of McGhee’s sacking (and that’s what it was, despite other comments) looks like an act of desperation by Knight. I don’t know how much influence we on NSC have had (I really hope not much) but I can see another Boardroom bust-up as the main driver.
If that is the case then I wonder how long Knight will be able to control the Board. At the moment he looks like a lame duck at the mercy of the other, more predatory, Board members. If this change of manager doesn’t work out then I can see Knight being forced out by the end of the year. After all, he only controls about 25% of the shares.
I can’t see today’s action as any reason to rejoice or to look confidently to the future – quite the opposite in fact.
If that is the case then I wonder how long Knight will be able to control the Board. At the moment he looks like a lame duck at the mercy of the other, more predatory, Board members. If this change of manager doesn’t work out then I can see Knight being forced out by the end of the year. After all, he only controls about 25% of the shares.
I can’t see today’s action as any reason to rejoice or to look confidently to the future – quite the opposite in fact.